Europe Electric Truck Market Size, Share, and COVID-19 Impact Analysis, By Propulsion Type (Plug-In Hybrid, Fuel Cell Electric, and Battery Electric), By Truck Type (Light Truck, Medium Duty Truck, and Heavy-Duty Truck), By Application (Logistics, Municipal, and Other), and Europe Electric Truck Market Insights, Industry Trends, Forecast to 2035

Europe Electric Truck Market Size Insights Forecasts to 2035

• The Europe Electric Truck Market Size Was Estimated at USD 2.51 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of Around 38.1% from 2025 to 2035
• The Europe Electric Truck Market Size is Expected to Reach USD 87.43 Billion by 2035

According to a Research Report Published by Spherical Insights & Consulting, The Europe Electric Truck Market Size is anticipated to Reach USD 87.43 Billion by 2035, Growing at a CAGR of 38.1% from 2025 to 2035. The market is driven by the expansion of low-emission zones (LEZs) in cities is the primary factor generating new sales in the industry. As more and more cities put in place tougher measures to reduce air pollution, the upscale in high-emission vehicles comes along with it.

Market Overview

The electric truck market is changing rapidly with the help of governments and fleets that are demanding cleaner freight solutions. An electric truck is a commercial vehicle that is using electric motors for its movement, powered by batteries (BEV), hydrogen fuel cells (FCEV), or hybrids, giving zero emissions from the tailpipe, cheaper operating costs, and quieter performance as its main characteristics, mainly for urban deliveries, waste collecting, and port operations, although long-haul options are being developed.

In Europe, the first major brands of ChangAn Automobile, namely CHANG-AN, DEEPAL, and AVATR were made available in April 2025. Besides, the European market will witness the introduction of six new battery electric vehicles by 2026 from the Toyota brand. Also, Lexus is going to launch three new electric vehicles in 2025, one of which will be the Lexus RZ equipped with steer-by-wire technology.

The European Union has indeed taken some serious steps to encourage electric truck adoption through a whole lot of attractive policies and incentives, the EU Green Deal being one of them. The booming online shopping has drastically raised the need for delivery services to the last mile. Under the Connecting Europe Facility, the European Commission announced a USD 1.75 billion investment in alternative fuels infrastructure. The money will be used for the installation of powerful charging stations along the main transport routes, which are also known as the Trans-European Transport Network.

Report Coverage

This research report categorizes the market for the Europe electric truck market based on various segments and regions, and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Europe electric truck market. Recent market developments and competitive strategies, such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Europe electric truck market.

Driving Factors

The electric truck market in Europe is driven by European countries that have established severe emissions regulations that force transportation companies to shift their operations to electric vehicles. For example, the European Union has made it its goal to cut greenhouse gas emissions by at least 55% by 2030, and further down the line, it will be 100% by 2050. To make it easier for companies to switch their fleets to electric, both governments and private investors are putting more and more money into fast-charging stations and depot charging solutions.

Restraining Factors

The electric truck market in Europe is restrained by the high initial purchase cost is still a notable stumbling block. There are only less than 2,000 public charging stations for trucks, while there are over 120,000 conventional diesel and gasoline fuel stations.

Market Segmentation

The Europe electric truck market share is categorised into propulsion type, truck type and application.

• The battery electric segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. 

The Europe electric truck market is segmented by propulsion type into plug-in hybrid, fuel cell electric, and battery electric. Among these, the battery electric segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The market size of battery-electric trucks in Europe was 76.12% in the year 2025. It was mostly influenced by the factors of their already built-up infrastructure and stringent environmental laws. Thus, the logistics and transportation companies are looking for solutions that can switch easily between electric and traditional fuels, and they especially want these trucks to operate in urban areas where charging stations are not abundant yet.

• The medium duty truck segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.  

Based on truck type, the Europe electric truck market is segmented into light truck, medium duty truck, and heavy-duty truck. Among these, the medium duty truck segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The segmental growth is driven by a large slice of the urban logistics and delivery services. applied for the commercial movement of goods from urban to suburban areas. The heavy-duty structure and the ability to carry larger loads make them perfect for logistics firms that are switching over to electric solutions.

• The logistics segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. 

The Europe electric truck market is segmented by application into logistics, municipal, and other. Among these, the logistics segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The growth of the segment is driven by the need for transportation methods that are both efficient and eco-friendly. Electric trucks in this segment are designed for long-distance and last-mile deliveries, providing considerable cuts in emissions and operational costs.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Europe electric truck market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which incVolvo ludes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies                                                                                                                         

• Volvo Trucks
• Daimler Truck
• Scania AB
• MAN Truck and Bus
• Renault Trucks
• DAF Trucks
• Iveco Group
• Tevva & Einride
• Tesla
• BYD
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

In December 2025, Volvo Trucks launched the 14-tonne Volvo FL Electric. The Volvo FL medium-duty truck was one of Volvo’s first models to be offered with an all-electric driveline and this model has since then been embraced by many transport companies.

In May 2025, MAN Truck & Bus launched its new Lion’s Coach 14 E fully-electric coach, the first vehicle of its kind to be brought to the European market. features an energy capacity of 356 to 534 kWh, with a range of up to 650 kilometres.

Market Segment

This study forecasts revenue at the Europe, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Europe electric truck market based on the below-mentioned segments:

Europe Electric Truck Market, By Propulsion Type

• Plug-In Hybrid
• Fuel Cell Electric
• Battery Electric

Europe Electric Truck Market, By Truck Type

• Light Truck
• Medium Duty Truck
• Heavy-Duty Truck

Europe Electric Truck Market, By Application

• Logistics
• Municipal
• Other